Info!! Getting A Fresh Perspective On Stock Marketplace Set Breadth

This morning's post looked at stock marketplace breadth every bit a useful trading tool.  While it tin forcefulness out locomote helpful to essay the breadth of the entire market, it is also useful to essay breadth on a sector yesteryear sector basis.  What nosotros come across higher upward is taken from the Index Indicators site:  it tracks the pct of stocks making 100-day novel highs amid S&P 600 pocket-size cap shares only.  Notice how the pocket-size cap index is much farther from its belatedly 2013 in addition to January, 2014 highs than its large cap counterpart (S&P 500 Index).  We tin forcefulness out also come across that, amongst each rally, fewer pocket-size cap shares (in light-green above) get got been making fresh cost highs.  Even every bit the index has moved higher for the yesteryear couplet of sessions, fewer components get got participated inwards the strength.

The Index Indicators site breaks downwards novel highs in addition to lows, every bit good every bit the pct of stocks higher upward diverse moving averages, for quite a few indexes (large cap, mid cap, pocket-size cap, NASDAQ 100, in addition to fifty-fifty the DAX.  Indeed, if you lot larn on the site in addition to await at the novel highs vs. lows for the DAX, you'll come across a blueprint like to the States pocket-size caps above.  For much of 2013, the rising tide was lifting virtually boats.  Thus far, that has non been the illustration inwards 2014.

Further Reading:  Short-Term New Highs in addition to Lows